Topgolf Callaway Brands Corp reports results for the quarter ended September 30 - Earnings Summary

Callaway Golf

13/11/2024 14:26

* Topgolf Callaway Brands Corp  MODG.N  reported quarterly
adjusted earnings of 2 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
thirteen analysts for the quarter was for a loss of 16 cents per
share. Wall Street expected results to range from -22 cents
to -7 cents per share.
    * Revenue fell 2.7% to $1.01 billion from a year ago;
analysts
expected $983.03 million. 
    * Topgolf Callaway Brands Corp's reported EPS for the
quarter was
a loss of 2 cents​.
    * The company reported a quarterly loss of $3.6 million.
    * Topgolf Callaway Brands Corp shares had fallen by 14.0%
this
quarter and lost 34.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "hold"

Wall Street's median 12-month price target for Topgolf Callaway
Brands Corp is 13.00 
This summary was machine generated from LSEG data November 13 at
02:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.16          0.02           Beat
 Jun. 30 2024      0.27           0.42           Beat
 Mar. 31 2024      0.01           0.09           Beat
 Dec. 31 2023      -0.33          -0.30          Beat